2012年7月18日星期三
luxurious line of investment pieces under the banner J. Crew Collectio
Thank you for joining us to review our fourth quarter and fiscal 2011 results.
With me today are Jim Scully, Chief Administrative Officer and Chief Financial
Officer; Libby Wadle, Head of our cheap j crew
jewelry fashion Brand; and other members of our management team.Before we
begin, I would like to remind you the company's Safe Harbor language, with which
I am sure you are familiar. The statements contained in this conference call
which are not historical fact may be deemed to constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Actual future results might differ materially from those projected in such
statements due to a number of risks and uncertainties, all of which are
described in the company's filings with the SEC and in the press release issued
in connection with today's call. In 2009, an otherwise grim year for retailers,
J. Crew grew 14 per cent. Fashion insiders point to the huge choice the label
offers customers, making a single label store more like a boutique. J. Crew
offers bags, shoes, a bridal collection (notable for dressing bridesmaids across
the US in chic simple gowns in flattering colours), cutting-edge designer
collaborations, a coveted children's collection and a more luxurious line of
investment pieces under the banner "J. Crew Collection.""The charges made
against J. Crew by [a] former employee are irrelevant and baseless," the
statement said. "Anyone who understands our business knows that we do not report
profitability by division. Equally important, no cost shifting has occurred, and
there would be no advantage to the company in doing so for the reason stated
above. "Perhaps not surprisingly, the company has not received any notice from
the SEC about any potential claim or investigation."The Post also reported that,
according to Sayler, employees at the company's catalog telemarketing facility
in Asheville, NC, received paychecks with "J. Crew, Inc." while W-2 tax forms
and bank statements detailing direct deposits came from "Grace Holmes, Inc.,"
which the newspaper described as a "J. Crew subsidiary doing business under the
name '2012 j crew outlet Retail Stores,'
not the catalog division, according to J. Crew's annual report for the fiscal
year that ended Feb. 2, 2002." Nestled between two giants of American high
fashion - Tory Burch and Vera Wang - on Tuesday's New York Fashion Week schedule
was a more purse-friendly label that every fashion-conscious American woman,
including First Lady Michelle Obama has stashed somewhere in her wardrobe:
J.Crew. Under the eye of creative director Jenna Lyons, J.Crew has grown from a
high street fashion chain, to a label which drew the kind of guests normally
spotted front row at Marc Jacobs to it's second fashion week presentation.Still,
J. Crew will continue to charge an average of about 15 per cent more in Canada
than at its U.S. outlets and website. But to ease the e-pricing pain, it offers
a flat $9.95 shipping fee. New York-based J. Crew’s
http://www.jcrewoutletonline.com/j-crew-shorts-c-3.html about-face came after
The Globe and Mail reported on Monday the reaction to the higher prices in
Canada following the retailer’s much-anticipated opening of its first store in
this country – in Toronto’s Yorkdale Mall – four days earlier. At the same time,
it had launched a separate Canadian website with higher base prices as well as
an added duty folded into the taxes. Please visit www.jcrewoutletonline.com for
more information.
2012年7月17日星期二
J. Crew’s lawyers continue their obstreperous behavior in their letter
Michelle Obama has repped J. Crew since before she entered the White House and
her brand loyalty over the past several years has paid off big for the retailer.
j crew
outlet sale Creative Director Jenna Lyons says the first lady consistently
wearing their designs is “the most incredible gift that keeps on
giving”—especially since Mrs. Obama wears the label all on her own.Without the
benefit of examining the settlement agreement and knowing its terms, J. Crew
appears to have the better legal argument. But much of this is posturing and is
likely a result of the frustrations of the shareholders’ lawyers in negotiating
what appears to have been a hard-fought settlement.J. Crew’s lawyers continue
their obstreperous behavior in their letter. They state that J. Crew intends to
“assert counter-claims and third-party claims for breach of contract against
plaintiffs and the class, among others. Defendants will seek specific
performance and money damages…” J. Crew and its buyers — the private equity
firms TPG Capital and Leonard Greene & Partners and Millard S. Drexler, the
retailer’s chairman and chief executive — have already arguably damaged their
reputation because of their prior actions in this deal. The class that the J.
Crew lawyers refer to here is J. Crew shareholders. Suing J. Crew shareholders
is not going to make these buyers look any better nor is it going to win TPG or
Leonard Green favor in future deals. These are the words that are being used to
describe an innocent J crew necklace
cheap ad that portrays an employee of the company, Jenna Lyons, and her son
when it ran last year. The issue with the advertisement is that the young boy,
who is five years old, is wearing pink nail polish on his toes. Below the
picture, a quote from Lyons states, "Lucky for me I ended up with a boy whose
favorite color is pink. Toenail painting is way more fun in neon." As a country
that appears to be more inclusive to gay rights and freedom of expression, I
must ask: What does it say about a nation, particularly its adults, who are
quick to judge and ridicule others who do not follow the strict stereotypical
gender roles that are still evident in the United States? Further, how can the
issue of bullying and verbal abuse, an overwhelming problem that seems to have
been intensified and publicized over the past year, be abolished when the older
generation continues to condone this type of negative behavior?A company will
perform a post-announcement market check of the price through a go-shop j crew dress
2012 online as part of the board’s effort to satisfy its Revlon duties under
Delaware law. These duties require the company to sell itself for the highest
price reasonably available. Though Delaware courts have said that go-shops are
not required, boards still negotiate them to show that they are trying to
fulfill their sale obligations. Visit www.jcrewoutletonline.com for more
information.
2012年7月12日星期四
J. Crew's move overseas also comes amid tougher competition
j crew
online executives are currently in Asia and Europe scouting out retail space
and negotiating rents, he said. Stores in Hong Kong and London will launch first
and will take at least a year to open once the company finds a location. The
68-year-old CEO said he has also been traveling abroad, visiting competitors to
evaluate pricing and quality. J. Crew's move overseas also comes amid tougher
competition from foreign retailers expanding in the U.S. Last October, Fast
Retailing Co.'s 9983.TO -0.91% Uniqlo opened a 90,000-square-foot flagship store
on Manhattan's Fifth Avenue as a kickoff to broader expansion in the U.S.Mr.
Drexler says tapping foreign markets, both online and through retail, will help
spur growth. J. Crew's sales have increased in each of the past eight years, but
the company still remains a relatively small player in terms of store count and
revenue. In 2011, the retailer posted nearly $1.9 billion in revenue on a base
of 266 retail stores and 96 outlets. Last March, Mr. Drexler took the company
private with TPG Capital and Leonard Green & Partners LP.a little novelty to
freshen it up,” finishes an employee. Yes, precisely. Employees not only
complete each other’s sentences, and sometimes their boss’s j crew dress
2012 sentences; they also dress alike, in stripes, sandals, and neutrals
daubed with bursts of color. Both the groupspeak and groupdress suggest that
Lyons has, at least in an operational sense, trained her employees to think like
her. “Let’s put a sparkly shoe with this,” she says, holding a white cotton
dress flush against her body. “It’ll make the dress more of an idea as opposed
to …” The thought goes unfinished. In addition to speaking in fragments, Lyons
tends to evaluate clothing in abstract rather than visual terms—items need to be
“engaging” or “elevated”—and she speaks in a collage of overlapping sentences.
The same aesthetic extends to her office, which is a scrapbook in three
dimensions: skirts, Sharpies, drawings, Lucian Freud and Egon Schiele books, a
Céline bag, a sweating Starbucks iced coffee, and an entire wall of magazine
cutouts and notes from the artist Tom Sachs. It's impossible not to like Lyons,
the 43-year-old president and executive creative director of J Crew, the woman
who has turned around perception – and profits – of the once-staid American
brand. She stands at more than 6ft tall and when we meet is dressed in faded
jeans and a j crew shorts
printed blouse. She's warm, funny and self-deprecating, all qualities that belie
her fancy title. But her 12th-floor Manhattan office is an immediate giveaway of
her success, with its large windows, huge Eero Saarinen oval marble meeting
table and vintage Eames chairs. "Wait until you see my new office!" she gushes.
"I'm moving up to the 15th floor next month – higher ceilings, bigger windows –
and the views are incredible!" Please visit www.jcrewoutletonline.com read more
relation news.
J. Crew's move overseas also comes amid tougher competition
j crew
online executives are currently in Asia and Europe scouting out retail space
and negotiating rents, he said. Stores in Hong Kong and London will launch first
and will take at least a year to open once the company finds a location. The
68-year-old CEO said he has also been traveling abroad, visiting competitors to
evaluate pricing and quality. J. Crew's move overseas also comes amid tougher
competition from foreign retailers expanding in the U.S. Last October, Fast
Retailing Co.'s 9983.TO -0.91% Uniqlo opened a 90,000-square-foot flagship store
on Manhattan's Fifth Avenue as a kickoff to broader expansion in the U.S.Mr.
Drexler says tapping foreign markets, both online and through retail, will help
spur growth. J. Crew's sales have increased in each of the past eight years, but
the company still remains a relatively small player in terms of store count and
revenue. In 2011, the retailer posted nearly $1.9 billion in revenue on a base
of 266 retail stores and 96 outlets. Last March, Mr. Drexler took the company
private with TPG Capital and Leonard Green & Partners LP.a little novelty to
freshen it up,” finishes an employee. Yes, precisely. Employees not only
complete each other’s sentences, and sometimes their boss’s j crew dress
2012 sentences; they also dress alike, in stripes, sandals, and neutrals
daubed with bursts of color. Both the groupspeak and groupdress suggest that
Lyons has, at least in an operational sense, trained her employees to think like
her. “Let’s put a sparkly shoe with this,” she says, holding a white cotton
dress flush against her body. “It’ll make the dress more of an idea as opposed
to …” The thought goes unfinished. In addition to speaking in fragments, Lyons
tends to evaluate clothing in abstract rather than visual terms—items need to be
“engaging” or “elevated”—and she speaks in a collage of overlapping sentences.
The same aesthetic extends to her office, which is a scrapbook in three
dimensions: skirts, Sharpies, drawings, Lucian Freud and Egon Schiele books, a
Céline bag, a sweating Starbucks iced coffee, and an entire wall of magazine
cutouts and notes from the artist Tom Sachs. It's impossible not to like Lyons,
the 43-year-old president and executive creative director of J Crew, the woman
who has turned around perception – and profits – of the once-staid American
brand. She stands at more than 6ft tall and when we meet is dressed in faded
jeans and a j crew shorts
printed blouse. She's warm, funny and self-deprecating, all qualities that belie
her fancy title. But her 12th-floor Manhattan office is an immediate giveaway of
her success, with its large windows, huge Eero Saarinen oval marble meeting
table and vintage Eames chairs. "Wait until you see my new office!" she gushes.
"I'm moving up to the 15th floor next month – higher ceilings, bigger windows –
and the views are incredible!" Please visit www.jcrewoutletonline.com read more
relation news.
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